Fitch Ratings said it downgraded Libya’s long-term foreign and local currency issuer default ratings to BB from BBB. The ratings remain on rating watch negative, Fitch said.
Egypt’s bourse, home to the world’s worst performing benchmark index this year, risks losing international investment after failing to resume trading amid protests from local investors who fear deeper losses.
Libyan rebels dug in for battle after repulsing attacks by forces loyal to Muammar Qaddafi that fueled talk of a civil war, as the full membership of the United Nations rebuked the regime.
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